Wescott Blog

Wescott Insights

The Tax Cuts and Jobs Act of 2017 may have been signed into law in 2017, but many of the significant changes that made headlines last year are taking effect on tax returns for the first time this year.

While the ink’s barely dry on the Tax Cuts & Jobs Act (TCJA), which went into effect in January 2018, the Trump administration is already considering additional reforms that would have major implications for taxpayers. One idea garnering significant attention focuses on indexing capital gains for inflation.

Even though research shows that people with financial advisors are usually better prepared for retirement and more at ease with their financial wellness, selecting the right financial advisor is no easy decision.

February’s 10.2% drop in the S&P 500 brought the markets into correction territory for the first time in two years, ending a remarkable and unprecedented run for stocks. But even after the impressive run, the correction left investors feeling awful.

“There is nothing so disturbing to one's well being and judgment as see a friend get rich.”
Economic historian Charles Kindleberger said this in 2005, and it has perhaps never been more relevant than over the past 12 months.

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